The Japan Times News
LONDON – Saudi Arabia passed India to become the world’s biggest arms importer last year as concerns about Iran’s ambitions increase tensions in the Middle East. Saudi spending rose 54 percent to $6.5 billion last year, while India imported $5.8 billion, according to data released Sunday by IHS, a leading analyst of the global arms trade. Imports will increase 52 percent to $9.8 billion this year, accounting for $1 of every $7 spent globally, IHS estimated, based on planned deliveries.
“This is definitely unprecedented,” said Ben Moores, the report’s author. “You’re seeing political fractures across the region, and at the same time you’ve got oil, which allows countries to arm themselves, protect themselves and impose their will as to how they think the region should develop.” Read Full Article
Categories: Saudi Arabia